Abacus Planning Group Inc. Has $357,000 Stock Holdings in ASML Holding (NASDAQ:ASML)

Abacus Planning Group Inc. increased its holdings in shares of ASML Holding (NASDAQ:ASML) by 65.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 429 shares of the semiconductor company’s stock after acquiring an additional 170 shares during the period. Abacus Planning Group Inc.’s holdings in ASML were worth $357,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in ASML. Harvard Management Co. Inc. lifted its holdings in shares of ASML by 239.8% during the second quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock valued at $95,645,000 after acquiring an additional 66,000 shares during the period. Salem Investment Counselors Inc. lifted its holdings in ASML by 41.1% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,457 shares of the semiconductor company’s stock valued at $3,355,000 after purchasing an additional 1,007 shares during the last quarter. KP Management LLC boosted its position in ASML by 66.7% in the second quarter. KP Management LLC now owns 5,000 shares of the semiconductor company’s stock valued at $5,114,000 after buying an additional 2,000 shares in the last quarter. Point72 DIFC Ltd grew its stake in ASML by 122.1% during the second quarter. Point72 DIFC Ltd now owns 6,415 shares of the semiconductor company’s stock worth $6,560,000 after buying an additional 3,527 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of ASML by 169.4% during the first quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company’s stock worth $22,661,000 after buying an additional 14,682 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Price Performance

NASDAQ ASML opened at $832.19 on Thursday. ASML Holding has a 12-month low of $567.57 and a 12-month high of $1,110.09. The firm’s 50 day moving average is $850.65 and its 200-day moving average is $930.96. The company has a market capitalization of $328.37 billion, a PE ratio of 42.50, a price-to-earnings-growth ratio of 1.97 and a beta of 1.48. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.87 by $0.14. The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The company’s revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $5.37 EPS. Equities research analysts anticipate that ASML Holding will post 20.38 earnings per share for the current fiscal year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were given a dividend of $1.8732 per share. This is a positive change from ASML’s previous quarterly dividend of $1.34. The ex-dividend date was Monday, July 29th. This represents a $7.49 annualized dividend and a dividend yield of 0.90%. ASML’s payout ratio is 28.50%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ASML shares. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Susquehanna increased their target price on ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a report on Thursday, July 11th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,147.80.

ASML Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.